1 Jun 2010 19:19

Russian eurobonds enter June on down-note

MOSCOW. June 1 (Interfax) - Russian eurobonds began the month of June with more prices slippage amid slumping world stock markets and oil prices. Prices for US Treasuries went virtually unchanged, so

spread with Russian bonds widened.

By 6:35 p.m. Moscow time, Russia-30 bonds were down 80 basis points from Monday's closed at 110.97% of face value, yielding 5.63% pa (5.51% on Monday). Ten-year UST were only down 3 bp at 101.75% of face value, yielding 3.29% (3.29% on Monday as well). Spread between the two widened 12 bp to 234 bp.